Brazil Real, Stocks Rise as Drive to Oust Rousseff Back on Track

The real and the Ibovespa benchmark equity index resumed a rally that has put Brazilian assets among this year’s world beaters as the drive to oust President Dilma Rousseff appeared to get back on track.

The currency advanced 0.9 percent to 3.4858 per dollar and the stocks gauge climbed 1.4 percent to 51,679.67 at 10:32 a.m. in Sao Paulo. The real and the Ibovespa had slumped Monday after the head of the lower house, Waldir Maranhao, called for an annulment of last month’s impeachment vote. He reversed that decision in an overnight statement.

Read more

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Powered by

Up ↑

%d bloggers like this: